Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 12 - 08:55 PM

GBP/USD - Expecting Tight Ranges Ahead Of Offshore Event Risk

By Andrew M Spencer  —  Feb 12 - 06:40 PM
  • Flat after closing down just 0.05% with the U.S. dollar up 0.05%

  • BoE Governor Bailey is puzzled by the low market valuations of UK banks

  • Expect a tight sterling range in Asia ahead of UK jobs and US inflation

  • Charts, 10 & 21-day moving averages, 21-day Bollinger bands fall

  • Daily momentum studies show conflicting signals - a net bearish bias remains

  • 1.2666 21 DMA is the first major resistance - close above would be positive

  • The 1.2607 low in NY and Thursday's 1.2572 base are initial supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!